QuestSoft and Specialized Data Systems (SDS) have joined forces.The integration will enable users of SDS’ loan origination system to use QuestSoft’s Compliance EAGLE to test loans for full adherence to national, state and investor rules and regulations both and pre- and post-closing.
“Lenders need trustworthy, easy-to-use systems to ensure every loan meets every regulation on the books,” SDS President Marc T. Riccio said in a release. “Through our integration with QuestSoft, we offer our lenders a state-of-the-art system for quickly and easily taking the pain out of all types of mortgage compliance in the digital world.”
Compliance EAGLE provides automated compliance rule sets that can automate the screening of loans for adherence to Ability-to-Repay/Qualified Mortgage, Home Mortgage Disclosure Act, Home Ownership and Equity Protection Act, Office of Foreign Assets Control, Social Security Number checks, and additional regulations.
“Lenders require a system of record that takes the risk out of ensuring compliance while being simple to use at the same time,” QuestSoft President Leonard Ryan said. “RemoteLender’s integration with Compliance EAGLE provides that peace of mind and usability with one solution that ensures full compliance with the latest regulatory updates, applicable laws and secondary market guidelines for digital and traditional mortgages alike.”